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Equity Release Mortgages - Home Equity Loans for UK homeowners

 

Home equity loans are where you borrow money against the equity in your house, home or property. Home equity is the current value of your home minus any money you owe on your home. If you own a home or you're a mortgage payer, the equity can be used to help you get a loan. So, if your home is worth £100,000, and your mortgage balance is £60,000, you'd have equity of £40,000 available to you, equity release mortgages and loans release your capital.

Many UK homeowners are unaware that it is possible to release the equity in their property. If you have capital tied to your property or home, equity release is a means of unlocking that capital to provide you with a cash lump sum or an income.

Although equity release mortgages schemes have been typically used by the over 60s in the past, an increasing number of younger people release money from their property to pay for home improvements, car purchase, capital raising, debt consolidation or to pay for their children's education. An Equity loan can be used for many different purposes. To find out how much you can borrow, just complete a quick online application form and a consultant will contact you to discuss your options.

To access information and advice about equity release, Simply complete your details below:

Equity release can be categorised into three areas:

1. Mortgages and Loans: using the equity of your home, you can borrow a percentage of your home's value from a lender who will provide you with a loan. You can do whatever you wish with your money - buy a new car, consolidate your other debts (such as credit cards), home improvements, etc.

2. Home Income Plans: This type of Equity release is used to generate a monthly income. The loan will usually be invested in an annuity-based investment that pays your income plus the interest on the loan. Equity release schemes can help provide income in later years, but it's important to choose one carefully (Please consult a financial adviser before making any decisions) and be aware of their possible disadvantages.

3. Home Reversion Schemes: If you are certain that you wish to remain in your home and need to supplement your regular income, then you may wish to consider a home reversion scheme. This scheme allows you to sell all or part of your home in return for a lump sum, a regular income or both.

How to Apply for a Home Equity Loan Online:


Whether you want to consolidate debts, buy a new car, improve your home or generate a monthly income you can apply for a home equity loan online in minutes. We have made it easy for you to enquire about equity loans or to apply for an equity loan online. Simply fill out our short online loan enquiry form and a qualified advisor will contact you to complete your application.

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To receive more information on Equity Release Mortgages and to begin the process of getting the best quotes available from specialist consultants, simply complete your details in the form further up the page.

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